Companywide comparable-store sales, at locations open for at
least one year, rose 1%, missing the expectation for 3.4%. Free
People comp sales rose 3%, and increased 1% at Urban
Outfitters-branded stores. Anthropologie Group sales were flat.

Earlier on Monday, Urban Outfitters announced that it acquired a
group of restaurants, including the fast-casual chain
Pizzeria Vetri, from The Vetri Family based in
Philadelphia.

Shares have fallen by about 43% year-to-date.Google

It's not been a great quarter for department stores. Last week,
Macy's, Nordstrom, and JC Penney shares fell after they reported
results that were worse than analysts had expected.

While
Macy's attributed its results to weak consumer demand and
slow sales of winter clothing because of warmer-than-normal
weather, Nordstrom
broadly said there was a slowdown in traffic and in the number of
transactions it handled.

As Deutsche Bank's Torsten Sløk highlighted earlier on Monday, a
slowdown in department-store sales does not necessarily reflect a
slowdown in US consumer spending. Clothing and footwear spending
makes up only 3%
of consumer spending.